The U.S. currently has a balance sheet of $3.2 trillion while the Japanese central bank has a balance sheet of $1.8 trillion, which is half the Federal Reserve balance sheet. U.S. GDP is at $16 trillion, while Japanese GDP is at $6 trillion, which is less than half the U.S. GDP. Still, Japan is buying an equal amount of domestic government bonds at ultra-low yields of 0.45% on the 10 year Japanese government bonds (Chart 1).
|Chart 1: Japanese 10 Year Treasury Yield|
To get into the abysmal numbers, go here.